Thursday, February 14, 2013

Consequences of Minimum Wage Laws

Two nights ago, Obama advocated raising the minimum wage to $9 an hour by year 2015, up from $7.25.  Can you even imagine the problems we will have at our borders with hoards of immigrants looking for work?  Milton Friedman, economist and the twentieth century's most prominent advocate of free markets, spoke about minimum wage.

 


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